Business Management | Different Types of Managers

Identify different types of managers likely to be found in an organization by level and area.

Possible Answer: There are three levels of management. The few executives who are responsible for the overall performance of large companies are top managers. Just below top managers are middle managers, including plant, operations, and division managers, who implement strategies, policies, and decisions made by top managers. Supervisors and office managers are the first-line managers who work with and supervise the employees who report to them. In any large company, most managers work in one of five areas. Human resource managers hire and train employees, assess performance, and fix compensation. Operations managers are responsible for production, inventory, and quality control. Marketing managers are responsible for getting products from producers to consumers. Information managers design and implement systems to gather, organize, and distribute information. Some firms have a top manager called a chief executive office. Financial managers, including the chief financial officer, division controllers, and accounting supervisors, oversee accounting functions and financial resources.

Source: Business Essentials, 8e (Ebert/Griffin) – Global Edition